The Government of India (GoI) is expected to frame rules to regulate commercial coal mining in the country.
Eventually, commercial coal mining is likely to become a full-fledged affair in the coal industry in the country. In the coming fiscal, commercial coal mining will be a regular affair, which will be governed by a specific set of government rules.
The GoI will soon release a discussion paper to elicit comments and suggestion from the stakeholders that will be the vital inputs for the government to frame rules for commercial mining in the country. The discussion paper will contain matters, such as procedure for auctioning coal blocks, eligibility criteria, among other matters.
The discussion paper will be put in the Coal Ministry’s website for enabling easy access.
The Coal Ministry has already identified four coal blocks, which will be put to auction for commercial mining.
Commercial coal mining refers to auctioning coal mines, without any end-use specification, to private entities, which can sell the produce to any sector.
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